DALLAS--(Business Wire)--Ralph Muse resigned as interim CEO of Safeguard Security Holdings,
Inc. (OTC:SSHS), a security staffing acquisition holding company. Mr.
Muse, CEO of Muse Consulting, an interim management and consulting
firm in Dallas, TX, was hired in Sept. to improve operational
efficiencies and return the company to a positive level of net profit
from operations. Mr. Muse said, "The Company now has positive net
profits from operations and revenues in the $15 to $18 million range;
it is now time for a permanent CEO. Michael Lagow has been elected
acting CEO."
Mr. Muse has also resigned from the Board of Directors.
About Safeguard. (www.safeguardsecurityholdings.com)
We are an acquisition holding company, engaged in the business of
acquiring privately-held security companies. We provide security
staffing as well as sophisticated security systems to Fortune 500 and
regional companies. We believe that by joining the Safeguard family of
companies, these locally based companies will be better positioned to
service larger clients. In addition, they will have an enhanced menu
of security services to offer their customers. We do this by
determining the right mix of technical systems and security personnel
and integrating them under one security solution.
Forward-Looking Statements:
Statements which are not historical facts contained in this
release are forward-looking statements, such as "immediately
accretive," that involve risks and uncertainties, including, but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in consumers'
preferences and trends. The words "estimate," "possible," and
"seeking" and similar expressions identify forward-looking statements,
which speak only to the date the statement was made. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, because of new information, future events,
or otherwise. Future events and actual results may differ materially
from those set forth herein, contemplated by, or underlying the
forward-looking statements.
(C) 2007 Safeguard Security Holdings, Inc. The information herein
is subject to change without notice. Safeguard shall not be liable for
technical or editorial errors or omissions contained herein.
Safeguard Security Holdings, Inc.
Acting CEO
Michael Lagow, 214-393-6990
Copyright Business Wire 2007
